Where Bitcoin’s Price Will Go Next

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Hey everyone!
Today PrimeXBT will be offering another technical analysis overview of BTCUSD.

Over the past week, Bitcoin’s price has remained range-bound, which means that another volatile move might be in the making.

Bitcoin broke below the major support line seen on the chart. The price is now moving in a downward channel and will likely target its next major support zone in the near-term. From this level, it may surge until it reaches its next major resistance zone.

Additionally, BTC’s RSI is clearly oversold at the moment.

  • The support zone ~ $7100
  • Target zone ~ $7400
  • Market Cap
    $131 540 453 779 USD
  • Volume (24h)
    $18 690 232 485 USD
  • Circulating Supply
    18 094 450 BTC


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Stay tuned for more PrimeXBT trading signals for Bitcoin and other assets.

Good luck with your future trades!
تم فتح الصفقة
تم فتح الصفقة
Touched the support zone
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Long-Term Bitcoin Price Prediction
Long-Term Bitcoin Price Prediction
Bitcoin (Cryptocurrency)bitcoinforecastbitcoinpriceBTCBTCUSDbtcusdlongbtcusdshortBTCUSDTChart PatternsCryptocurrencyTechnical IndicatorsTrend Analysis

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